“Australia is the most penetrated market in the world.”(Airbnb’s Sam McDonagh)

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"The financial cost of the increased wear and tear is borne by all owners. One Sydney building commissioned reports on the impacts, and tracked the annual savings after removing all short-term lets (205 of 384 apartments at the peak). The building saved $1.3m over 3 years, while reducing levies 5% per year in each of those 3 years. Few strata owners realise that all owners are jointly and severally liable for costs incurred.

What if your building insurance does not cover a claim if a short stay guest is injured or worse?"